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China Leads The World In Renewable Energy Investment Forbes, 27 July
12, According to a recently released United Nations report, global
investment in renewable energy reached a record $257 billion in 2011,
a 17 percent increase from the amount invested in 2010. Globally,
renewable energy covers approximately 16.7 percent of energy
consumption…. China was responsible for almost one-fifth of total
global investment, spending $52 billion on renewable energy last year.
The United States was close behind with investments of $51 billion, as
developers sought to benefit from government incentive programs before
they expired. Germany, Italy and India rounded out the list of the top
five countries.

According to China’s 12th Five-Year Plan for Economic and Social
Development (2011-2015), the country will spend $473.1 billion on
clean energy investments over the next five years. China’s goal is to
have 20 percent of its total energy demand sourced from renewable
energy by 2020.

In 2011, solar led the way as far as global investment in renewable
energy, with investment surging to $147 billion, a year-on-year
increase of 52 percent, due to strong demand for rooftop photovoltaic
installations in Germany, Italy, China and Britain. Large-scale solar
thermal installations in Spain and the United States also contributed
to growth during the year.

July 29, 2012 - Posted by Christina Macpherson | 2 WORLD, renewable